Tron Price Prediction: Tron Price Action Indicates A Surge to the $0.04 Target in the Near Future

It appears the crypto market opened trading today on a bad note. We can expect the day not to bring any sort of good news for intraday investors. The reason for this is because the majority of the coins in the market began the day falling according to the price charts. The current overall market cap of the digital as the market stands at $34 billion per coin market cap.

Tron has been affected by the general price drop experienced by the entire crypto space. if we closely look at the Tron price from June 10 to this date, the chart for the TRX/USD pair tells a different story altogether. The price action of the coin could be heading in the direction of the market trend, but any potential increase in the Tron price will also be indicated. How has Tron performed in the last 24 hours?

Tron Price Prediction: Tron’s Current Market Data

According to data by coin market cap, the price of Tron is changing hands at $0.033921 at press time. Tron also had a Return on Investment of 1547.44% and daily trade volume of the digital asset stands at 768,802,776 USD. Tron also had a circulating supply of 66,682,072,191 TRX and total market capitalization of $2,253,388,662 as of when this content was published.

The action of the virtual currency reflects a price increase in the last 30-days the charts. The price of Tron was trading at $0.02924 as of 10 June. Then the price of the coin later escalated to the $0.03359 position from its opening price at the time. This progression reportedly marked an increase of 14.86%.

The price of TRX eventually started moving up on the Tron daily chart. The major price jump for the digital asset was registered when Tron price reached the $0.039949 position after increasing $0.032881. This time the price progression reached 21.50%.

Later, the price of Tron slipped from the $0.039286 position to trade at $0.030205 which is a 22.91% drop. The month of July opened for Tron price with a 3.67% drop as it changed from the $0.031760 position to trade at $0.030593. However, the digital asset kept moving up from that point and is now trading at the $0.033921 area.

Comparing the Price of Tron from 30 Days Earlier to Current Levels

The price of TRX reportedly changed from the $0.029244 area as of 10 June to trade at $0.033921 as of 10 July. This price change for the digital asset was a difference of 16.11%. In the last 10 days, the price of Tron has also registered a surge. The counters have changed from the $0.031 area to the $0.033 region which is an increase of 6.99%.

The price of Tron is expected to increase for the coming period according to the daily chart for TRX/USD. By the end of this year, the price of Tron (TRX) could reach the $0.05 position.

The future prospects of the coin seem to be favorable as Tron is expected to flourish in the long term.  Hence, crypto traders can dig in carefully and book their profits at a future date. It is advisable to follow market trends daily to understand them properly to make an informed decision.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.


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